Digby Jones bid farewell to high office (sic) today with a robust defence of capitalism in an interview with Sky News, warning of the consequences of a backlash against the City.

Conceding there had been “stupendous examples of arrogance and greed” among bankers – not least their ridiculously big bonuses – Lord Jones called for better regulation rather than more regulation. Read more

General election 2015

Countdown to May 7

About this blog

Blog guide

The fragmentation of UK politics makes the 2015 general election the most unpredictable in living memory. Follow Jim Pickard, Kiran Stacey and the rest of the FT team for unique insights as the campaign gets underway.

VIDEOS

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The authors

Jim Pickard is the FT's chief political correspondent, having joined the lobby team in January 2008. He has been at the FT since 1999 as a regional correspondent, assistant UK news editor and property correspondent.

Kiran Stacey is an FT political correspondent, having joined the lobby in 2011. He started at the FT as a graduate trainee in 2008, working on desks including UK companies and US equity markets before taking over the FT's Energy Source blog.